Gildan Activewear Balance Sheet Health
Financial Health criteria checks 4/6
Gildan Activewear has a total shareholder equity of $1.9B and total debt of $952.9M, which brings its debt-to-equity ratio to 50.6%. Its total assets and total liabilities are $3.4B and $1.6B respectively. Gildan Activewear's EBIT is $632.3M making its interest coverage ratio 22. It has cash and short-term investments of $198.7M.
Key information
50.6%
Debt to equity ratio
US$952.87m
Debt
Interest coverage ratio | 22x |
Cash | US$198.69m |
Equity | US$1.88b |
Total liabilities | US$1.56b |
Total assets | US$3.44b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GIL N's short term assets ($1.7B) exceed its short term liabilities ($641.7M).
Long Term Liabilities: GIL N's short term assets ($1.7B) exceed its long term liabilities ($916.4M).
Debt to Equity History and Analysis
Debt Level: GIL N's net debt to equity ratio (40.1%) is considered high.
Reducing Debt: GIL N's debt to equity ratio has increased from 30.8% to 50.6% over the past 5 years.
Debt Coverage: GIL N's debt is well covered by operating cash flow (43.4%).
Interest Coverage: GIL N's interest payments on its debt are well covered by EBIT (22x coverage).